XML 34 R10.htm IDEA: XBRL DOCUMENT

NOTE 4 - RELATED PARTY TRANSACTIONS	8 Months Ended
May 31, 2014
Related Party Transactions [Abstract]
NOTE 4 - RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS Included in consulting fees was payments made to its chief operating officer of $97,912, and its chief financial officer of $15,800 Included in Accounts Payable and Accrued Expenses are amounts owed to its officers and directors for salary and benefits of $126,619 During the three months March to May 2014, the chief operating officer contributed $48,000 back to the company which was recorded as a reduction in consulting expense. NOTE PAYABLE The Company is obligated on two short term loans, all past due, with six bearing interest at 15% and two with interest at 5% totaling $318,800 . Interest for the period equals $24,146 Total amount owed which is shown on the balance sheet was $28,784.

NOTE 4 - RELATED PARTY TRANSACTIONS

8 Months Ended

May 31, 2014

NOTE 4 – RELATED PARTY TRANSACTIONS

Included in consulting fees was payments made to its chief operating officer of $97,912, and its chief financial officer of $15,800

Included in Accounts Payable and Accrued Expenses are amounts owed to its officers and directors for salary and benefits of $126,619

During the three months March to May 2014, the chief operating officer contributed $48,000 back to the company which was recorded as a reduction in consulting expense.

NOTE PAYABLE

The Company is obligated on two short term loans, all past due, with six bearing interest at 15% and two with interest at 5% totaling $318,800 . Interest for the period equals $24,146 Total amount owed which is shown on the balance sheet was $28,784.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details